Mr. Speaker, the very least we can say about this government, when it comes to the economy, is that it has shown neither prudence nor foresight regarding the economic crisis, since the Minister of Finance was the last person in Canada to realize and admit that an economic crisis had hit Canada. We are still grappling with this economic crisis despite the rhetoric we just heard from my colleague. I listened to him closely. Believe it or not, he spoke very highly of foreign investors—he sung their praises.

I would like to ask him how these foreign investments benefited the employees of Electrolux, a Swedish company—foreign investments? They pulled up stakes here and went to Nashville because that city offered them better conditions. Even in his own region, Chaudière—Appalaches, 100 jobs were lost at J. M. Smucker, the jam producer. My colleague from Saguenay—Lac-Saint-Jean also mentioned that businesses are closing their doors. Thousands of jobs have been lost.

What is this government doing apart from announcing cutbacks to the tune of $8 billion?